Our Annual Report & Financial Statement
Reading Hydro CBS Ltd has released its Annual Report and Financial Statement (up until 30th September 2019), ahead of our […]
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Who will maintain the plant once operational?
The Archimedes screw turbines are relatively simple and don’t need much maintenance. However, we will appoint contractors to keep the
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Can I sell my shares?
You can’t sell your Reading Hydro shares in the first 12 months. After that, you can only sell them back to Reading Hydro CBS.
Invest, The plan, Who supports the plan?
Breaking News!!!
Fantastic breaking news – Reading Hydro has received a boost to our share raise, thanks to an offer of a £100k investment from Power to Change. With this we have reached our £700k target! Thank you so much to everyone who has invested.
Invest, The plan
Are the interest rates limited?
Once the scheme is up-and-running, we aim to offer 4% interest to investors each year (or at the rate of inflation if that is higher). The rate is not guaranteed, it will be agreed by Reading Hydro members at the AGM and depend on the income and costs during the previous year. You can invest and chose not to receive interest.
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What proportion of the UK’s electricity is from renewables?
33% of UK electricity generation was from renewables in 2018, and that increased to 37% in 2019. Compare that with just 3% in 2000, and 7% in 2010.
The plan
What other examples are there of this type of plant?
There are lots of hydro power schemes in the UK already using Archimedes screw turbines. We have learned and taken inspiration from them. There are five sites nearby on the Thames at Mapledurham, Osney, Sandford, Sonning and Windsor. Reading Hydro is really close to Reading town centre and the railway station, and by far the easiest one to visit!
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Come & see us today
Our Open Information Session this lunchtime is at Reading Civic Offices, Bridge Street, RG1 2LU from 12 noon to 2pm. Come along and find out about the Reading Hydro project. No registration needed. We look forward to meeting you. #rdguk #sustainable #greenenergy
Invest, The plan
Look what happened over the weekend!
Our share raise increased by more than £130,000 over the weekend. We’re getting close – more detail later this week.